Kraken raises $800M at $20B valuation to expand beyond crypto
US based crypto exchange operator Kraken has announced that it has raised $800 million across two tranches, to accelerate its strategy of bringing traditional financial products on-chain.
Kraken investors
The primary tranche was led by institutional investors including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management and Tribe Capital, along with a significant commitment from Kraken Co-CEO Arjun Sethi’s family office.
An agreement for a subsequent $200 million strategic investment from Citadel Securities was executed at a $20 billion valuation.
Kraken background
Founded in 2011, Kraken operates a globally scaled and regulated infrastructure stack that spans…
